7 weeks ago I sold about 30% of my KCB holding.
This was my first buy in 2004 at 4.5 bob (Pre 10: 1 split 45 bob) at 45 bob
a whooping 1000% return in 9 years. I used the proceeds to position in Safaricom at 6.90 bob. No regret at all.
Both KCB and Safaricom are growing, though there is a tendency on the short term for
Safaricom to grow faster than KCB due to :-
- Low instrinsic value 9.4 Vs 49
- Monopoly Safcom is a lone ranger, KCB is
competing with equity, coop etc
- Foreigners appetite. Foreigners are madly in love with Safaricom due to its liquidity and good dividend expectation.
By foreigners I am referring to foreign institutional investors whose huge demand can cause positive price change not small ant like me.The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .